Professional Services Audit Services London
Expert professional services audit services. Specialised audits for professional services firms, including law firms, consulting firms, and professional practices. Our team understands the unique challenges in professional services.
Professional Services Audit Services
Expert professional services audit services. Specialised audits for professional services firms, including law firms, consulting firms, and professional practices. Our team understands the unique challenges in professional services, including work in progress, time recording, revenue recognition, and partnership structures. We provide comprehensive audits tailored to professional services businesses.
Professional Services Sector Expertise
Our professional services audit team has extensive experience across the professional services sector:
- Law Firms: Solicitors, barristers, and legal practices
- Consulting Firms: Management consulting and advisory firms
- Accountancy Practices: Accounting and tax practices
- Architectural Practices: Architecture and design practices
- Engineering Practices: Engineering and technical consulting
- Other Professional Practices: Various professional service providers
Professional Services Audit Services
- Statutory Audits: Full statutory audits for professional services firms
- Work in Progress Audits: Specialised audits of work in progress and unbilled time
- Revenue Recognition Audits: Audits of revenue recognition, including time-based billing
- Partnership Audits: Audits for partnership structures and profit-sharing arrangements
- Time Recording Audits: Audits of time recording systems and billing processes
- Regulatory Compliance Audits: Audits ensuring compliance with professional body requirements
Professional Services-Specific Audit Considerations
Our professional services audits focus on key professional-services-specific areas:
- Work in Progress: WIP valuation and recoverability assessment
- Revenue Recognition: Time-based billing and fee recognition
- Time Recording: Time recording systems and accuracy
- Partnership Accounting: Partnership profit sharing and capital accounts
- Professional Indemnity: Professional indemnity insurance and provisions
- Regulatory Compliance: Compliance with professional body regulations
Why Choose Acumon for Professional Services Audits?
- Extensive experience in professional services sector audits
- Deep understanding of professional services business models
- Specialised knowledge of professional services accounting and reporting
- Efficient, practical audit approach minimising disruption
- Clear, actionable audit findings and recommendations
- Ongoing support and advice on professional services accounting matters
Integration with Other Services
Our professional services audit services integrate seamlessly with our other services:
- SRA Legal Audit Services - Specialised audits for SRA-regulated law firms
- Accounts and Bookkeeping Services - Supporting accounts preparation for professional services firms
- Tax Advisory Services - Tax planning for professional services businesses
Next steps
Get in touch with our professional services audit team to discuss your professional services audit requirements. Our experienced team will provide expert professional services audit services tailored to your firm.